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Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this paper identifies four key messages.
We look for answers by exploring recent trends in employment, poverty, income, wealth, consumption, fertility, mortality, marriage, attitudes, charitable giving, and much more. Why might one believe that the Great Recession has been transform-ative?
This introductory chapter surveys the landscape of the Great Recession, as it has unfolded through mid-2011, and summarizes the economic thinking that lies behind the contributions in the following chapters.
The historical perspective provided in chapter 1 on the decades leading up to the financial crisis shows that the global economy was by no means as stable as had been suggested by many observers.
29 cze 2010 · Paul Krugman, winner of the 2008 Nobel Prize in economics, shows how today's crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe. In… ABSTRACT The financial crisis was in large part caused, prolonged, and worsened by a series of government actions and interventions.
29 cze 2010 · Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this paper identifies four key messages.
Understand the similarities and differences between the Great Recession and the Great Depression. Be aware of how factors such as inequality, bank size, regulatory policy, corporate incentive structures, and global financial imbalances can contribute to macroeconomic instability. Describe the major fiscal and monetary responses to the crisis.
